Lone Star Capital Acquires 206-Unit Grand Riviera Multifamily Property In Irving From Eagle Property Capital

The sale involved a 206-unit multifamily property located at 2877 West Walnut Hill Lane in Irving, Texas. The property, built in 1972, features upgraded units and includes amenities such as two pools and a dog park. The transaction is significant in the Irving market, which is well-positioned between major employment centers.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not specified
• Address: 2877 West Walnut Hill Lane
• Market: Irving
• Units: 206
• Buyer: Lone Star Capital
• Seller: Eagle Property Capital
• Brokerage: Drew Kile, Joey Tumminello, Michael Ware, Taylor Hill & William Hubbard - Institutional Property Advisors

Institutional Property Advisors (IPA) facilitated the sale, representing Eagle Property Capital in the transaction with Lone Star Capital. The involvement of multiple brokers signifies a coordinated effort in managing the complexities of the deal around this multifamily asset.